BENGALURU (Reuters) – Indian jeweler and watch maker Titan Company on Friday beat second-quarter earnings expectations, aided by the strong demand for its gold jewelery brands and growth in online sales.
Titan, a joint venture between the Tata Group and Tamilnadu Industrial Development Corp, said its profit for the second quarter ended Sept. 30 was 9.40 billion rupees ($113 million), beating analysts’ average expectation of 8.47 billion rupees per LSEG data.
($1 = 83.2525 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Dhanya Ann Thoppil)
